Huntington National Bank Has $7,483,000 Position in BP PLC (BP)
Huntington National Bank decreased its position in BP PLC (NYSE:BP) by 15.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,747 shares of the oil and gas exploration company’s stock after selling 37,061 shares during the period. Huntington National Bank’s holdings in BP PLC were worth $7,483,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the company. Northern Capital Management LLC raised its stake in BP PLC by 18.3% in the second quarter. Northern Capital Management LLC now owns 73,999 shares of the oil and gas exploration company’s stock worth $2,628,000 after buying an additional 11,440 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management raised its position in BP PLC by 16.5% in the second quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 9,664 shares of the oil and gas exploration company’s stock valued at $343,000 after buying an additional 1,370 shares during the period. Palouse Capital Management Inc. raised its position in BP PLC by 221.3% in the second quarter. Palouse Capital Management Inc. now owns 180,730 shares of the oil and gas exploration company’s stock valued at $6,418,000 after buying an additional 124,489 shares during the period. GW&K Investment Management LLC raised its position in BP PLC by 80.4% in the second quarter. GW&K Investment Management LLC now owns 920,581 shares of the oil and gas exploration company’s stock valued at $32,690,000 after buying an additional 410,174 shares during the period. Finally, Aviance Capital Management LLC raised its position in BP PLC by 20.2% in the second quarter. Aviance Capital Management LLC now owns 1,455,102 shares of the oil and gas exploration company’s stock valued at $51,671,000 after buying an additional 244,753 shares during the period. 12.06% of the stock is currently owned by institutional investors and hedge funds.
Shares of BP PLC (NYSE:BP) traded down 0.31% during midday trading on Thursday, reaching $35.68. 4,419,536 shares of the company were exchanged. BP PLC has a 52-week low of $27.01 and a 52-week high of $37.53. The company’s 50-day moving average price is $34.53 and its 200 day moving average price is $33.33. The stock’s market capitalization is $111.66 billion.
BP PLC (NYSE:BP) last released its earnings results on Tuesday, July 26th. The oil and gas exploration company reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.05. The company earned $46.44 billion during the quarter, compared to the consensus estimate of $50.22 billion. BP PLC had a positive return on equity of 3.32% and a negative net margin of 2.76%. BP PLC’s revenue for the quarter was down 25.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.07 EPS. On average, equities analysts predict that BP PLC will post $1.09 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, August 5th were given a $0.595 dividend. This represents a $2.38 annualized dividend and a dividend yield of 6.67%. The ex-dividend date was Wednesday, August 3rd. BP PLC’s payout ratio is currently -139.18%.
Several research firms recently commented on BP. Jefferies Group increased their target price on BP PLC from $31.00 to $33.00 and gave the company a “hold” rating in a report on Monday, July 11th. Barclays PLC reissued a “buy” rating on shares of BP PLC in a report on Thursday, October 6th. BNP Paribas reissued an “outperform” rating on shares of BP PLC in a report on Tuesday. Citigroup Inc. raised BP PLC from a “neutral” rating to a “buy” rating and increased their target price for the company from $31.15 to $39.00 in a report on Thursday, June 16th. Finally, Vetr lowered BP PLC from a “buy” rating to a “hold” rating and set a $36.43 target price on the stock. in a report on Thursday, September 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the stock. BP PLC currently has a consensus rating of “Buy” and a consensus price target of $38.63.
About BP PLC
BP p.l.c. is an integrated oil and gas company. The Company provides its customers with fuel for transportation, energy for heat and light, lubricants to keep engines moving and the petrochemicals products used to make everyday items as diverse as paints, clothes and packaging. The Company operates through three segments: Upstream, Downstream and Rosneft.
Want to see what other hedge funds are holding BP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BP PLC (NYSE:BP).
Receive News & Ratings for BP PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP PLC and related companies with MarketBeat.com's FREE daily email newsletter.